For the benefit of clients, the firm maintains a general contractors license for the purposes of construction management. With many transactions, particularly leases, the process moves forward between the parties with agreements made as to fit-up costs, date of delivery of the space, etc. All usually goes well until the time the work is handed off to a general contractor. That contractor, not being a party to the transaction, does not have the same interests in the deal and may not be as focused on the promises made and critical aspects of the lease.

Here is where a construction manager comes in. A construction manager consults with the architect, helps the owner take bids from the subcontractors, pulls the master permit and coordinates the construction. A major benefit of this format is the owner contracts directly with the subcontractors thereby controlling costs and lien issues. The broker has a vested interest in a successful transaction and construction management should be a part of that.